29 Nov The Ecommerce News Roundup – 29 November 2021
As Twitter’s co-founder Jack Dorsey steps down as chief executive, we ask ourselves, what’s next for the social media titan and what will keep Mr Dorsey busy now?
Is it time for him to focus on Square… and if so how?
Will he concentrate on the growth of its financial unit looking at Bitcoin/BNPL trends – thus strengthening the ties between social media & ecommerce?
Or is he, as some people have questioned, building a super-app?
It’ll be interesting to see where this nets out and how his replacement, Parag Agrawal, gets on with what could be a Twitter renaissance.
As always, here’s this week’s ecommerce, digital & tech newsletter to enjoy.
UK ECOMMERCE NEWS
Fred Perry weathers the pandemic storm despite profits drop.
Sainsbury’s opens first checkout-free store powered by Amazon tech.
Motorway snags unicorn status as it lines c-suite with Amazon and John Lewis leads.
Revolution Beauty sales soar in ‘momentous’ year for cosmetics brand.
Agora beauty app launches in the UK.
(UK Fashion Network)
INTERNATIONAL ECOMMERCE NEWS
Shopify breaks records with $2.9bn in Black Friday sales.
Pet video marketplace Camlist eyes UK growth
AirAsia rides on e-commerce boom to launch parcel delivery service.
(The Edge Markets)
Abercrombie & Fitch revenue growth driven by domestic sales.
Urban Outfitters sales growth driven by digital.
Lowe’s unveils a new AR measurement tool for sizing up rooms.
Spotify tests a TikTok-like vertical video feed in its app – TechCrunch
TikTok launches new ‘CommunityTok’.
(Social Media Today)
Instagram launches live test of longer videos in stories.
(Social Media Today)
O2 launches “store of the future” on Snapchat.
IN THE MARKETS
Crowdcube eyes Europe after raising £10 million.
Grammarly Reaches $13B Valuation With New Funding Round.
Indian Fintech Slice Raises $220 Million, Hits ‘Unicorn’ Status.
India’s Spinny valued at over $1.75 billion in $280 million funding
Dream11’s parent firm scores $840m fundraise.
TBAuctions acquired by Castik Capital.
Deloitte acquires Madras Global